Online Banks Raising Rates Across the Board

July 22, 2005 By Jonathan Ping 4 Comments
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Something’s up, my last post disappeared. Anyways, I’ll check on it later. Quickly, some banks raised rates recently on their accounts (others too, but I only have accounts at these three):

Capital One 360: now at 0.75% APY
Emigrant Direct: now at 3.50% APY
Virtual Bank: now at 3.25% APY

Previously: Presidential Bank Premier Savings at 3.75% APY. (This is where most of my cash is, but please note that it is not a “no-minimum no-fees” savings account.)

Filed Under: Banking
Last updated: April 29, 2014
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Comments

  1. fellow saver says
    July 26, 2005 at 5:29 am

    that APY for Premier Savings looks good, but if you have over $35,000 you only get 2.5% not 3.75%

    Reply
  2. fellow saver says
    July 26, 2005 at 5:43 am

    sorry, noticed from other posts you knew this and spilt the funds, but that is annoying knowing they charge borrowers 6+% on mortgages when getting $100,000+ loans

    Reply
  3. jp says
    August 4, 2005 at 10:13 am

    that’s why you don’t borrow from Prez. Lend high, borrow low. 😉

    Reply

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